Posts tagged: cigarette industry

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Also: Why did the bottom fall out of Janus Forty’s shares?
Question: I’m concerned about my shares of Altria Group Inc. What is the latest outlook?
Answer: It is no secret that the U.S. cigarette industry is in a long-term decline because of the health risks of smoking.
Its sales could be hurt by a Food and Drug Administration mandate for more-graphic health warnings on cigarette packs that takes effect in October 2012. Potenti ... Jump to full article >>

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ISLAMABAD: Government has faced a revenue loss of Rs 45 billion during the last six years on account of tax evasion, smuggling and counterfeiting in cigarette industry due to failure of government’s authorities in taking concrete steps.
According to industrial data, government had to face a revenue loss of Rs 7.5 billion in the current year, Rs 6.5 billion in 2009, Rs 6 billion in 2008, Rs 5.59 billion in 2007, Rs 5.48 billion in 2006 an ... Jump to full article >>

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New Delhi: 5.7 percent of India’s tobacco consumption is because of cigarettes, but chewing tobacco and bidis account for a huge 35 per cent, calling for government attention for safeguarding the health of millions of people.
This is evident from the latest statistics collected under the Global Adult Tobacco Survey (GATS) initiated by the Ministry of Health .
The pattern of tobacco consumption in India is unique and unlike elsewhere in th ... Jump to full article >>

Smokeless | admin | November 2, 2010 | Comments Off on Focus on other tobacco products, not just cigarettes

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The cigarette industry is facing a novel new claim for compensation over its 1990s smuggling spree, which has already led to heavy civil and criminal penalties against four tobacco companies.
Farmers have filed $150-million in class-action lawsuits, alleging that the firms paid them the lower, export price for tobacco that was initially sent to the United States, but then smuggled back — tax-free — for the Canadian market.
They say the ... Jump to full article >>